The Changing Role of the Central Bank of the Republic of Turkey and Its Financial Implications on Turkish Economy

2013 ◽  
pp. 87-95 ◽  
Author(s):  
Secil Senel
Keyword(s):  
Central Bank ◽  
Turkish Economy ◽  
The Republic ◽  
Changing Role ◽  
Republic Of Turkey

scholarly journals The Role of Monetary Policy Announcements on Turkish Banks' Stock Returns

2016 ◽  
Vol 6 (1) ◽  
pp. 63-69
Author(s):  
Nida Abdioğlu ◽  
Sinan Aytekin
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Stock Returns ◽  
Abnormal Returns ◽  
Cumulative Abnormal Returns ◽  
Monetary Policy Committee ◽  
The Republic ◽  
The Impact ◽  
Republic Of Turkey

This paper investigates the impact of monetary policy committee decisions of the Central Bank of the Republic of Turkey on the stock returns of the deposit banks listed in Borsa Istanbul Banks Index (XBANK). The cumulative abnormal returns of the banks are calculated for 2008 and 2012. We report that the monetary policy announcements affect cumulative abnormal returns of the deposits banks both in 2008 and 2012. Since the announcement of the monetary policy decisions created abnormal returns, we conclude that the market does not have semi-strong form efficiency.

Niezależność Narodowego Banku Polskiego a relacje z Parlamentem RP

2021 ◽  
Vol 4(165) ◽  
pp. 105-122
Author(s):  
Rafał Sura
Keyword(s):  
Central Bank ◽  
Financial Markets ◽  
World Economy ◽  
Supply And Demand ◽  
Protective Measures ◽  
Major Significance ◽  
The Common ◽  
The Republic ◽  
Polish Government

The position of the NBP at the time of the common market and progressive Europeanisation of the economy and all areas of community life was particularly important. Currently, in the time of the global crisis caused by the SARS-CoV-2 coronavirus, encompassing both the supply and demand side of the world economy, the role of the central bank is increasing. Without its involvement, there would be no effective protective measures, aimed at mitigating the decline in GDP growth in Poland and protecting jobs. The central bank, together with the Polish Government and Parliament, is of key importance for Poland’s economic development, while the independence of the NBP is of major significance for its credibility in financial markets. That is why it is so important to try to answer the questions what the independence of the NBP is and whether constitutional and statutory regulations of the relations between the Parliament of the Republic of Poland and the central bank do not breach this independence.

The Commission for the Preservation of Antiquities and its role in the appropriation of İstanbul’s diverse heritage as national heritage (1939–1953)

2020 ◽  
Vol 62 ◽  
pp. 75-99
Author(s):  
Pınar Aykaç
Keyword(s):  
The Body ◽  
Significant Aspect ◽  
National Heritage ◽  
Turkish Nationalism ◽  
National Monuments ◽  
The Republic ◽  
Early Republican ◽  
Republic Of Turkey ◽  
The City

AbstractThis paper argues that the early Republican attempts to reintegrate the Ottoman past into nationalist narratives later found their reflections in discussions regarding the preservation of İstanbul’s diverse heritage, coinciding with the redefinition of Turkish nationalism in the 1940s, incorporating Islam and marking a departure from the foundation ideology of the Republic of Turkey. In 1939, the Republican authorities decided to celebrate the 500th anniversary of the Ottoman conquest of Constantinople in 1953. The Commission for the Preservation of Antiquities (Muhafaza-ı Asar-ı Atika Encümeni)—the body responsible for the preservation of historic monuments in İstanbul—was tasked with conducting restoration and repair works for the celebrations. Although the celebrations did not receive much attention in the following years, the annual celebrations in the city have now become a significant aspect of present-day İstanbul, which glorify its Ottoman-Islamic past. By presenting its negotiations and contestations with other state actors in the context of these preparations, this paper explores the role of the Preservation Commission in appropriating the inherited remnants of İstanbul’s multifaceted past as “national monuments.”

scholarly journals Afterlives of the Republic of Letters: Learned Journals and Scholarly Community in the Early Nineteenth Century

2020 ◽  
Vol 5 (1) ◽  
pp. 82-116
Author(s):  
Floris Solleveld
Keyword(s):  
Nineteenth Century ◽  
Eighteenth Century ◽  
The State ◽  
Early Nineteenth Century ◽  
Republic Of Letters ◽  
Scholarly Community ◽  
The Republic ◽  
Changing Role

Abstract What happened to the Republic of Letters? Its history seems to stop at the end of the eighteenth century. And yet, in the nineteenth century, there still existed a community gathered in scholarly societies, maintaining a transnational correspondence network and filling learned journals. The term indeed becomes less frequent, but does not go entirely out of use. This article traces the afterlives of the Republic of Letters in the early nineteenth century. Specifically, it investigates texts that attempt to (re)define the Republic of Letters or a cognate, the wider diffusion of the term, and the changing role of learned journals in that period. While most attempts to reinvent the Republic of Letters failed miserably, they indicate a diagnosis of the state of learning and the position of scholars in a period of transition, and in doing so they contradict an ‘unpolitical’ conception of the Republic of Letters.

Briefly Noted

2020 ◽  
Vol 59 (1) ◽  
pp. 180-182
Keyword(s):  
United States ◽  
Central Bank ◽  
The United States ◽  
Armenian Genocide ◽  
Ninth Circuit ◽  
Court Of Appeals ◽  
Legal Questions ◽  
The Republic ◽  
Republic Of Turkey

On August 8, 2019, the United States Court of Appeals for the Ninth Circuit issued an opinion in Bakalian v. Central Bank of Republic of Turkey, Case No. 13-55664. In this case, the Ninth Circuit affirmed the district court's dismissal of plaintiffs’ claims seeking compensation from the Republic of Turkey and two Turkish national banks for lands that they claim were unlawfully confiscated from their ancestors during what the Court refers to as the Armenian Genocide of 1915–1923. In 2006, California adopted a statute extending the statute of limitations for claims arising out of the Armenian Genocide to December 31, 2016. Thus, the claims filed by the plaintiffs in 2010 were not time-barred under the statute; however, the panel found that since the Court had previously found the statute to be unconstitutional, no statute existed to extend the statute of limitations and therefore the claims were time-barred. The panel held that since the claims were plainly time-barred, the Court need not address legal questions posed regarding Foreign Sovereign Immunities Act jurisdiction.

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